Canadian Gold Mutual Funds (May 30, 2005)

Close: May 24, 2005

Fund nameLastMay 17ChangeChangeYTDMER*Assets*

($)	($)	($)	(%)	(%)	(%)	(M$)
AGF Pr Mtl	11.37	11.02	0.35	3.2	-16.8	2.73	202
Altamira Pr & Str Mtl	6.86	6.62	0.24	3.6	-14.6	2.66	49
BMO Pr Mtl	9.67	9.43	0.24	2.5	-11.8	2.46	31
CIBC Pr Mtl	8.32	8.05	0.27	3.4	-12.2	2.41	48
Dynamic Can Pr Mtl	2.61	2.49	0.12	4.8	-12.1	2.91	154
Dynamic Glo Pr Mtl	7.58	7.35	0.23	3.1	-16.9	4.78	29
iUnits S&P/TSE Can Gold	44.63	41.96	2.67	6.4	-13.6	0.55	418
London Life Pr Mtl (MX)	16.95	16.95	0.00	0.0	-14.9	3.43	17
Mackenzie Un Pr Mtl C$	9.66	9.40	0.26	2.8	-12.3	2.56	182
Mackenzie Un Pr Mtl US$	7.66	7.40	0.26	3.5	-16.3	2.56	n/a
Mackenzie Un Wld Pr Mtl Cap	26.23	25.45	0.78	3.1	-9.4	2.70	21
Millennium Bullion Fund	6.08	6.07	0.01	0.2	3.8	3.46	29
Quadrus Mack Un Pr Mtl	10.96	10.67	0.29	2.7	-12.4	2.89	7
RBC Pr Mtl	17.58	16.74	0.84	5.0	-14.6	2.13	302
Sentry Pr Mtl Growth	13.54	13.47	0.07	0.5	-7.7	2.40	3
Sprott Gold and Pr Minls	26.17	25.62	0.55	2.1	-16.7	2.82	269
TD Pr Mtl	22.86	21.90	0.96	4.4	-13.7	2.50	87

*as of April 30, 2005

Featured Fund: Dynamic Global Precious Metals fund’s top 10 holdings, as of March 31: Crystallex (9.0%); Alamos Gold (8.2%): Newcrest Mng (6.7%); Mundoro Mng (5.4%); Eldorado sp warrants (4.7%); Minas Buenaventura (4.3%); Red Back Mng (3.9%); Glamis Gold (3.6%); Adamus Res (3.3%); Ind Penoles (3.0%). Top 10 as % of total: 52%. Asset allocation: stock (100%). Fund manager: Robert Cohen.